Back to Career News

PhonePe UPI transactions running post Yes bank crisis

March 11, 2020

PhonePe UPI transactions running post Yes bank crisis
As the YES Bank crisis hits PhonePe in last week, PhonePe worked with National Payments Corporation of India (NPCI) and ICICI Bank its new partners to ensure all its services are working within a day.   
 
Sameer Nigam, Founder and CEO PhonePe said, “All payments of merchants were restored with the help of NPCI and ICICI bank which was very difficult task”. 
 
PhonePe processed transactions of ₹ 4,000 crores and it saw a large user traffic in a single day.

Recommended for you ...

Getepay Onboards Cricketer Virendra Sehwag to Revolutionize Digital Payments
Getepay Onboards Cricketer Virendra Sehwag to Revolutionize Digital Payments

July 17, 2024

Kotak Mahindra Bank Shifts Focus to Physical Branch Expansion
Kotak Mahindra Bank Shifts Focus to Physical Branch Expansion

July 17, 2024

Indian Banks Offer Higher Rates to Attract Savers
Indian Banks Offer Higher Rates to Attract Savers

July 17, 2024

Chat on WhatsApp